Asana’s (ASAN) Neutral Rating Reiterated at BTIG Research

BTIG Research reaffirmed their neutral rating on shares of Asana (NYSE:ASAN) in a research report sent to investors on Friday morning,Benzinga reports.

A number of other equities research analysts also recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Asana in a research report on Friday, May 29th. Wall Street Zen cut shares of Asana from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Barclays downgraded Asana to an “outperform” rating in a research note on Monday, August 24th. KeyCorp lowered their target price on Asana from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, May 29th. Finally, Zacks Research cut Asana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.95.

Asana Stock Performance

Shares of NYSE ASAN opened at $8.81 on Friday. Asana has a 1 year low of $5.38 and a 1 year high of $15.48. The stock’s 50-day simple moving average is $8.43 and its 200-day simple moving average is $7.37. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of -13.35 and a beta of 0.95.

Asana (NYSE:ASAN) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Asana had a negative net margin of 18.62% and a negative return on equity of 80.33%. The firm had revenue of $216.43 million for the quarter, compared to analysts’ expectations of $214.15 million. During the same period in the prior year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Asana has set its FY 2027 guidance at 0.370-0.370 EPS and its Q3 2027 guidance at 0.080-0.080 EPS. As a group, research analysts predict that Asana will post -0.4 EPS for the current year.

Insider Activity

In other Asana news, CFO Aziz Megji sold 13,239 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $6.73, for a total value of $89,098.47. Following the completion of the transaction, the chief financial officer owned 765,389 shares in the company, valued at approximately $5,151,067.97. This represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Daniel Rogers sold 13,790 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $6.89, for a total transaction of $95,013.10. Following the completion of the sale, the chief executive officer owned 1,891,990 shares in the company, valued at $13,035,811.10. The trade was a 0.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 119,959 shares of company stock valued at $809,325. 87.54% of the stock is owned by company insiders.

Institutional Trading of Asana

Large investors have recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. grew its stake in shares of Asana by 705.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,374,891 shares of the company’s stock worth $18,850,000 after purchasing an additional 1,204,232 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Asana by 92.6% during the first quarter. Bank of America Corp DE now owns 2,237,195 shares of the company’s stock valued at $14,318,000 after purchasing an additional 1,075,572 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Asana by 250.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 532,796 shares of the company’s stock valued at $3,410,000 after purchasing an additional 380,741 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Asana during the first quarter valued at about $1,016,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Asana by 49.3% during the first quarter. Bank of New York Mellon Corp now owns 856,622 shares of the company’s stock valued at $5,482,000 after purchasing an additional 283,054 shares in the last quarter. 26.21% of the stock is currently owned by institutional investors and hedge funds.

More Asana News

Here are the key news stories impacting Asana this week:

• Positive Sentiment: Asana reported fiscal second-quarter adjusted EPS of $0.10, ahead of the $0.09 consensus estimate, while revenue of $216.4 million exceeded expectations of $214.2 million and increased 9.9% year over year. Asana Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: Fiscal 2027 revenue guidance of $858.5 million to $863.5 million was broadly in line with consensus, while the company’s EPS outlook of $0.37 was above the $0.22 analyst estimate. Management also highlighted improving retention, stronger upmarket momentum and growing adoption of its AI products. Asana FY2027 Outlook
• Positive Sentiment: Several analysts raised their valuation targets following the results. RBC increased its target to $9.50 from $8, UBS raised its target to $10 from $8, and Piper Sandler lifted its target to $9 from $7. Citizens JMP maintained an outperform rating with a $15 target. RBC Raises Asana Price Target
• Neutral Sentiment: Asana executives will present at Citi’s Global TMT Conference on September 9 and Piper Sandler’s Growth Frontiers Conference on September 15. These events could provide updates on AI-agent coordination, enterprise demand and retention trends. Asana Investor Events
• Negative Sentiment: The immediate share-price weakness was driven primarily by soft fiscal third-quarter guidance: revenue of $217 million to $219 million is slightly below or near consensus, and investors viewed the outlook as insufficient after the earnings beat. Asana Stock Outlook
• Negative Sentiment: Analysts and investors remain concerned about churn and Asana’s still-negative profitability, creating skepticism that AI momentum will translate into faster durable growth. Asana Churn Analysis

Asana Company Profile

Asana, Inc (NYSE: ASAN) is a leading provider of work management and collaboration software designed to help teams organize, track and manage their work. Founded in 2008 by Dustin Moskovitz and Justin Rosenstein, Asana’s platform enables users to create projects, assign tasks, set deadlines and visualize progress across diverse workflows. The company’s cloud-based solution includes customizable project templates, timeline views, boards and automated rules that streamline routine processes and reduce manual effort.

Built for both small teams and large enterprises, Asana supports integrations with a wide array of third-party applications, including communication tools, file-sharing services and DevOps platforms.